Handing over seized assets to another taxpayer's assessing officer expanded where items belong to or pertain to that taxpayer. Amendment expands circumstances for transferring seized or requisitioned assets and records to the assessing officer of a person other than the search-assessed person, where the officer is satisfied that seized tangible assets belong to, or seized books/documents or information pertain to, that other person; in such cases the assets and records shall be handed over to the assessing officer having jurisdiction over that other person.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Handing over seized assets to another taxpayer's assessing officer expanded where items belong to or pertain to that taxpayer.
Amendment expands circumstances for transferring seized or requisitioned assets and records to the assessing officer of a person other than the search-assessed person, where the officer is satisfied that seized tangible assets belong to, or seized books/documents or information pertain to, that other person; in such cases the assets and records shall be handed over to the assessing officer having jurisdiction over that other person.
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